Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium ore (ilmenite) market has seen price increases this week. Currently, small and medium manufacturers’ transaction prices for 46% TiO2 ore range from $306.27 to $310.47 per ton, and 47% TiO2 ore ranges from $338.03 to $351.86 per ton. The price for 38% TiO2 middle-grade ore without tax is between $220.76 and $224.89 per ton. The market for titanium ore remains tight due to reduced raw ore exports and tight middle-grade ore supply, leading to price increases. Despite high prices for titanium ore, the downstream titanium dioxide market remains weak, causing significant cost pressure for enterprises. Supply and demand are in a clear tug of war, and titanium ore prices are expected to remain high.
• Imported titanium ore prices remain steady. Currently, Mozambique titanium ore is priced at $368 per ton, and Kenyan 47%-49% grade ore is at $362 per ton. While domestic titanium ore prices have increased, the overall supply of imported titanium ore remains tight, and prices are expected to stay firm.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide (TiO2) market remains stable this week. Currently, Chinese rutile-type titanium dioxide prices (including tax) range from $2092.47 to $2285.66 per ton, and anatase-type titanium dioxide prices (including tax) range from $1953.47 to $2008.63 per ton. As market stocking is gradually completed, the titanium dioxide market remains relatively stable. Enterprises are fulfilling existing orders, and some manufacturers have reduced inventory pressure. However, end-user demand recovery remains slow. Although raw material prices for titanium ore and sulfuric acid continue to rise, the titanium dioxide market has limited short-term upward potential. Production in the titanium dioxide market remains insufficient in July, and enterprise quotes remain firm. With potential demand increases in the third quarter, the titanium dioxide market may gradually recover.

3. Market Forecast

• Titanium ore supply remains tight, and market prices are expected to remain high.
• High raw material costs will support titanium dioxide prices, maintaining a firm market.
• Sponge titanium market demand remains weak, and prices are expected to remain stable at low levels.